CLOSING the $YUM Options Action trade - Dan

9oct - if you follow dan on twitter you will have seen his tweet and website post about closing this spread ahead of earnings at .47. he actually rolled it up and out to Nov has you can see in his write up, dans write up . for the purpose of this tracking blog i will just note the trade that was featured on air. little over a 50% loss on the trade. stock has moved up a surprising 5bucks on earnings, his Nov spread will need a good down move as well to get a profit. see all of dans on-air trades in this google docs spreadsheet

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28 sep - kind of a back door way to update this but during the NKE segment on tonights show, dan makes reference to this trade that he put on from a previous show. with the stock at 66ish , this spread has come back a bit to about .55 , so back to about a 50% paper loss..dan mentions earnings are in early oct so he said "he is sticking with it". start at about the 4min mark of this clip to hear dans comments NKE segment

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25 sep - been over a month since this trade was shown on air, if you followed dan on this trade you are at a 75% loss with the spread going for about .26 today..still have over 3 weeks to go but need a big move to make some money.

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8/17 - this weeks show Dan has a bearish trade on YUM, here is the video clip YUM clip

Buy the Oct 62.5/55 put spread for 1.10

he makes a good case for the trade, gives himself till oct to let it play out. Yum not a big mover, would have to take out those July lows to get a decent profit..seems like a long ways for this slow mover to have to fall..limits his risk by only committing $1.10 to the trade though so in that sense its a decent setup. see all of dans on- air trades in this google docs spreadsheet